Neonode falls on wider quarterly loss

Neonode

11/08/2021 16:11

** Shares of Neonode Inc  NEON.O , which provides optical
sensing solutions for touch and remote sensing, down over 5% to
$5.37
    ** Q2 loss widens to $1.7 mln compared with $1.6 mln last
year  urn:newsml:reuters.com:*:nPnHlPJya
    ** Operating expenses rise ~38% to $3.3 mln
    ** Revenue more than doubles to $1.7 mln
    ** Over 70% of our Touch Sensor Modules (TSM) sales during
the first six months this year is to Asian customers, who are
using the TSMs for contactless touch applications for elevators
and different types of kiosk applications- CEO
    ** Stock down 20% YTD

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))